Statement of Cyrus P Mistry on his appointment as Deputy Chairman of Tata Sons via @tatacompanies

Cyrus P Mistry thanked the selection committee and the board and said:

“I feel deeply honoured by this appointment. I am aware that an enormous responsibility, with a great legacy, has been entrusted to me. I look forward to Mr Tata’s guidance in the year ahead in meeting the expectations of the group.

"I take this responsibility very seriously and in keeping with the values and ethics of the Tata group I will undertake to legally disassociate myself from the management of my family businesses to avoid any issue of conflict of interest.”